Form 4: Procore Technologies SVP, Corporate Controller, William Fred Fleming Jr., Reports Stock Transactions
SEC Form 4 Filing
William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, reports the exercise of stock options and subsequent sale of shares on May 29, 2024.
Summary
- On May 29, 2024, William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, exercised stock options to acquire 4,615 shares of common stock at a price of $12.22 per share.
- Following the exercise of the options, Fleming sold 4,615 shares at $69.03 and 5,385 shares at a weighted average price of $68.94, with prices ranging from $68.91 to $68.96.
- After these transactions, Fleming directly owns 81,863 shares of Procore Technologies common stock and holds options for 40,695 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| June 04, 2019 | 1/4th of the shares subject to the option vested |
| June 17, 2028 | Expiration date of the stock options |
| 05/29/2024 | Date of stock option exercise and sale of shares |
| 05/31/2024 | Date of signature for the report |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.